This is a January 2023 Market Update. If you like this kind of information, be sure to like, share, and follow as I will be sharing more informative videos about the real estate market, as well as home selling and home buying tips! Now I want to start off with the reality of 2022, and that is that the 30-year fixed rate in this country doubled over the last year. We started out at around 3.2% back in January a year ago, and we ended up right at around 6.4% as we wrapped up the... [read more]

The Two Big Issues the Housing Market’s Facing Right Now   The biggest challenge the housing market’s facing is how few homes there are for sale. Mark Fleming, Chief Economist at First American, explains the root causes of today’s low supply: “Two dynamics are keeping existing-home inventory historically low – rate-locked existing homeowners and the fear of not finding something to buy.” Let’s break... [read more]

How Changing Mortgage Rates Can Affect You   The 30-year fixed mortgage rate has been bouncing between 6% and 7% this year. If you’ve been on the fence about whether to buy a home or not, it’s helpful to know exactly how a 1%, or even a 0.5%, mortgage rate shift affects your purchasing power. The chart below helps show the general relationship between mortgage rates and a typical monthly mortgage payment: Even a 0.5% change can have a big impact on your... [read more]

Home Inspections for Fox Cities Wisconsin Home Sellers: What You Need To Know [INFOGRAPHIC]   Some Highlights The inspection is a major part of the home selling process. Many buyers used to waive inspections to be more competitive with their offer, but recently, inspections and repairs are becoming popular again. Let’s connect so you have an expert on your side who can help you determine the repairs and updates your... [read more]

What You Need To Know About Home Price News May 17, 2023   The latest Existing Home Sales Report from the National Association of Realtors (NAR) will come out tomorrow. The information it has about home prices could be confusing and even make for some scary news. All of this is because the NAR will report the median sales price while other home price indices will report the price at which a home was sold again and again. Most of the indices of these repeat sales show that... [read more]